Royal Host REIT Announces October 2006 Distribution of $0.04 to Unitholders

CALGARY, ALBERTA--(CCNMatthews - Oct. 17, 2006) - Royal Host Real Estate Investment Trust (TSX:RYL.UN) (TSX:RYL.DB) (TSX:RYL.DB.A) (TSX:RYL.DB.B) (TSX:RYL.DB.C) ("Royal Host") has declared its October 2006 distribution of $0.04 per unit, payable November 30, 2006 to Unitholders of record as of November 15, 2006. This distribution is the 108th consecutive monthly distribution to Unitholders and brings the total funds distributed by Royal Host to $6.26 per unit since inception.

Royal Host owns 37 hotels, manages 126 properties and franchises 111 locations representing 18,000 guestrooms in the mid-market to upscale segments. Royal Host owns the master franchise rights for the Travelodge brand in Canada and provides hotel and resort management services for its portfolio and to third party properties.

Royal Host is committed to creating stable and repeatable earnings through high quality assets, efficient operations and exceptional people. Through strategic management and growth of its assets, and ongoing training, communication and teamwork, it is committed to achieving ongoing improvements to its bottom line results. Royal Host Units and Convertible Debentures are traded on the Toronto Stock Exchange under the trading symbols "RYL.UN", "RYL.DB", "RYL.DB.A", "RYL.DB.B" and "RYL.DB.C" respectively.